The median home in Lake Ann, Michigan is valued at $382,176, down 0.1% year over year. Lake Ann is part of the Traverse City, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Traverse City, MI stress score, crash risk, and 12-month forecast →

Home Value$382,176

-0.1%

AFFORDABILITY

Enter your income for Lake Ann.

Income (annual)

Down Payment

$76,435 on $382,176

Out of reach — 40.9% of income

Need $109,543/yr to afford.

PITI$2,556

P/I40.9%

Afford$262K

Gap-$121K

P&I $1,932Tax $490Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Lake Ann with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Traverse City, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Traverse City, MI metro.

View Traverse City, MI metro →

LAKE ANN, MI